Drilling Tools International (DTI), an innovative oilfield services provider, has completed the acquisition of Titan Tools Services, a UK-based downhole tool rental company.

The deal, finalised on 2 January 2025, is an important step in DTI's strategy for global expansion, strengthening its position in the North Sea and in European and African markets.

Founded in 2009 and headquartered in Aberdeen, Scotland, Titan Tools Services has carved out a niche in renting, servicing and manufacturing advanced drilling equipment for the oil, gas and geothermal sectors.

DTI CEO Wayne Prejean stated: "We are thrilled to officially welcome Titan Tools to the DTI family. This strategic move significantly expands our international footprint, particularly in the UK North Sea, Europe and Africa.

“Titan's technical expertise and established customer relationships perfectly complement our existing operations, allowing us to offer a more comprehensive suite of solutions to our global clientele.”

The acquisition brings benefits to DTI, including an expanded presence in key markets and enhanced technological capabilities in downhole drilling tools. It also provides access to Titan's advanced materials and tool design expertise, further solidifying the company's competitive edge.

The deal also strengthens customer relationships in strategic regions and accelerates the market adoption of innovative tools such as the Drill-N-Ream and the Fixedblade stabiliser, driving growth and industry leadership.

Titan managing director Bruce Jepp added: "Joining forces with DTI opens up exciting opportunities for our team and customers. Our shared commitment to technological advancement and exceptional customer service will enable us to provide comprehensive solutions across the well life cycle."

The process of integrating Titan into DTI's operations is set to commence immediately, with a focus on business continuity and capitalising on the synergies between the two entities.